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loved c-span and c- span radio. sequestrationanddebtceilingsandfiscalcliff,it is obvious we have a weak leader. what is next? we've got four more years. host: thank you for the call. military cutbacks are the focus of this story -- mike is joining us from utica, n.y., on the republican line. caller: they are all cowards and washington. this sequester is never going to happen. the country needs tough medicine. the cowards are led by the cowered in chief, who is dying in side -- inside. he is like a wife spending out there -- they have wives up there instead of men. this is like mediscare. what happened when our bond rating went down? the same thing -- a goal they stop spending, nothing will happen, except they will save the country. -- if they stop spending, nothing will happen, except they will save the country. when they kick the can, they should be ashamed of themselves. it is a shame that they cannot stop the spending. the republicans have obama on the hook. he is the one -- he is dying inside because he is a spender. for him, this is the worst week of his life. they do not ev

loved c-span and c- span radio. sequestration and debt ceilings and fiscal cliff, it is obvious we have a weak leader. what is next? we've got four more years. host: thank you for the call. military cutbacks are the focus of this story -- mike is joining us from utica, n.y., on the republican line. caller: they are all cowards and washington. this sequester is never going to happen. the country needs tough medicine. the cowards are led by the cowered in chief, who is dying in side -- inside....

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given those numbers? i mean, even when we were dealing withthedebtceilingandthefiscalcliff,there was a lot more activity coming out of this white house. >> there is a great deal of activity in this white house regarding the sequester, and there will continue to be. you saw the president yesterday urged congress to take the necessary actions to avoid these across the board in the scrimmaged -- in discriminatory cut that would do harm to our national security and cost jobs. these are men and women patrolling our borders. teachers, first responders. these are real people whose futures hang in the balance depending on a decision that republicans in congress will or will not make. secondly, besides the cbo, they estimate that the sequester, if it takes place in 2013, it will reduce growth 5.6% during 2013. we have already seen impacts from the sequestered. analysts made it clear back in january. it was in large part because the defense sector had anticipation of the sequestered driving down defense spending. we will see only more of that happen if a sequester kicks in. the cbo

given those numbers? i mean, even when we were dealing with the debt ceiling and the fiscal cliff, there was a lot more activity coming out of this white house. >> there is a great deal of activity in this white house regarding the sequester, and there will continue to be. you saw the president yesterday urged congress to take the necessary actions to avoid these across the board in the scrimmaged -- in discriminatory cut that would do harm to our national security and cost jobs. these...

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, government shut down in april, anotherpotentialdebtceilinginmay, could shake the confidence of some investors in our ability to deal with our responsibilities? >> yes. we think the crisis modeoffiscalpolicyover the last few years is reducing people's confidence. how big of an effect that is, we don't know. >> the gentleman's time has expired. >> i think by anyone's objective measure in this town or country, we would consider you a smart man and a good economist, right? >> thank you. >> it befuddles me, it strikes me that some of us want to spee chify other than uses precious time to engage you in questioning. -- use this precious time to engage you in questioning. i will try to continue on in that regard. speaking of speechifying, we heard it is impossible to get ourselves out of this debt situation by spending cuts alone. i want to understand if i am correct that the cbo projects that revenue will double from 2012 level 25 point sort -- to 5.4 trillion? >> yes. >> according to your report, revenues have averaged under 18% of the economy in recent history. do you project under current law that revenue will rise to over 19%? >> yes. >> isn't that above historic average? >> yes. >> you wr

, government shut down in april, another potential debt ceiling in may, could shake the confidence of some investors in our ability to deal with our responsibilities? >> yes. we think the crisis mode of fiscal policy over the last few years is reducing people's confidence. how big of an effect that is, we don't know. >> the gentleman's time has expired. >> i think by anyone's objective measure in this town or country, we would consider you a smart man and a good economist,...

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thefiscalcliffforthedebtceilingwherethe next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at. host: poco -- "the new york times" has this story -- "dire forecast on effective budget cuts." here is bloomberg businessweek looking at a reboot for the simpson-bowles plan. are we hearing anything new from them and what has the reaction been? guest: what is interesting is we have not had a ton of reaction from both sides. here is generally what their plan looks like -- 2.4 trillion dollars over the course of 10 years. that is scaled back. their other big deficit commission was around $4 trillion. one quarter of that would come from medicare and medicaid savings. another quarter would come from cha

the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at....

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this is not the same asthefiscalcliffforthedebtceilingwherethe next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at. host: poco -- "the new york times" has this story -- "dire forecast on effective budget cuts." here is bloomberg businessweek looking at a reboot for the simpson-bowles plan. are we hearing anything new from them and what has the reaction been? guest: what is interesting is we have not had a ton of reaction from both sides. here is generally what their plan looks like -- 2.4 trillion dollars over the course of 10 years. that is scaled back. their other big deficit commission was around $4 trillion. one quarter of that would come from medicare and medicaid savings. another q

this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next...

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is why republicans caved onthedebtceiling. thatis why they will cave on some of theseotherfiscalthingsgoing forward. it is up to the voters to make this happen. the politicians just react to the pressures. host: steve mcmahon, a co- founder of purple strategies, and also a media strategist for democratic campaigns. thank you so much for joining us. david winston, a brief thought? guest: if look at what newt gingrich did and bill clinton did, balancing the budget, getting unemployment under four%, bill clinton and newt gingrich laid out that pattern. i wish president obama would engage the house republicans the way bill clinton did. host: david winston, a republican strategist, you can hear his election analysis on cbs news. coming up next, we will look at the executive order the president signed last week with larry clinton of the internet security alliance. then our next guest will be an expert on nuclear weapons, who will talk about which nations have nuclear capabilities. all of that after this break. ♪ >> we have a habit in this country of glossing over presidents. we decided so

is why republicans caved on the debt ceiling. that is why they will cave on some of these other fiscal things going forward. it is up to the voters to make this happen. the politicians just react to the pressures. host: steve mcmahon, a co- founder of purple strategies, and also a media strategist for democratic campaigns. thank you so much for joining us. david winston, a brief thought? guest: if look at what newt gingrich did and bill clinton did, balancing the budget, getting unemployment...

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againstthedebtceilingandthefiscalcliffusually we put it off but this is one i think that will cause tremendous damage and the -- >> $85 billion. >> with the congress gone for a week when do they have time to negotiate. >> $85 billion in a $3.5 trillion budget. >> and -- >> it will hurt the economy. >> if you lose your job i think it hurts you, don't you think. >> fundamentally, the debt we have at the moment is the bigger problem for the economy and job creation. the president -- >> chris: let me bring karl in here. one, to talk about the sequester and also, in a bigger sense, look at the president's state of the union speech and agenda he laid out and what does it tell us what he wants to do in his second term. >> spend a lot of money and pursue a lot of liberal social policies and also says he's out of touch with the reality of where the country is, the democrats spent the last week going around saying we don't have a spending problem and on the fox poll 83% of the american people say we have a spending problem, i agree with kim, $85 billion cut is a 2.4% cut, roughly out of

against the debt ceiling and the fiscal cliff usually we put it off but this is one i think that will cause tremendous damage and the -- >> $85 billion. >> with the congress gone for a week when do they have time to negotiate. >> $85 billion in a $3.5 trillion budget. >> and -- >> it will hurt the economy. >> if you lose your job i think it hurts you, don't you think. >> fundamentally, the debt we have at the moment is the bigger problem for the...

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the attack. >>> well, we're all veterans now of events with names likethedebtceilingdeadline,thefiscalcliff,and the next one is barreling down the tracks. it is called the sequester, but it has nothing to do with a jury. and if it isn't stopped, if it's allowed to go through in ten days, huge automatic spending cuts go into effect. the president used some dire language to warn about it today. and tonight, nbc's john yang explains what this sequester is and the impact it could have for everyone. >> reporter: with no budget deal in sight and automatic spending cuts just days away, president obama said today it was the fault of congressional republicans. >> they haven't come together and done their jobs, and so as a consequence, we've got these automatic, brutal spending cuts. >> reporter: republicans blame the president. >> the president, back in the last session of congress, refused to cut spending in any place. >> reporter: they're fighting over a sequester. washington speak for the $1.2 trillion across-the-board spending cuts that would begin march 1st unless congress and the president ag

the attack. >>> well, we're all veterans now of events with names like the debt ceiling deadline, the fiscal cliff, and the next one is barreling down the tracks. it is called the sequester, but it has nothing to do with a jury. and if it isn't stopped, if it's allowed to go through in ten days, huge automatic spending cuts go into effect. the president used some dire language to warn about it today. and tonight, nbc's john yang explains what this sequester is and the impact it could...

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going into effect. the same thing happened withthedebtceilingfightandthefiscalcliff.you cover congress. why does everything get dragged out to the very last second? >> well, i think you just answered your own question. we're dealing with congress, and congress loves to wait for the last minute. we saw that with the debt ceiling debate from a couple years ago. we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in, you know, late at night and early in the morning and voted on a deal. this is going to go, once again, up to the wire -- down to the wire, and, you know, some people are even suggesting that the sequester will hit before congress actually acts. >> now, this week we heard that the president has his highest approval rating since 2009. it seems the worst congress looks, the better he looks. how could that affect gun control reforms and immigration reform? >> there was an interesting poll that came out in "usa today" just yesterday showing that largely the american public agrees with the positions that the

going into effect. the same thing happened with the debt ceiling fight and the fiscal cliff. you cover congress. why does everything get dragged out to the very last second? >> well, i think you just answered your own question. we're dealing with congress, and congress loves to wait for the last minute. we saw that with the debt ceiling debate from a couple years ago. we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in,...

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, voters have crisis fatigue at thispoint.debtceilingversusfiscalcliffand now the sequester and as jonathan pointed out, the sequester cuts kind of a rolling cut. they don't really get this. i'll say the white house is probably in a better position messagingwise because what they can do right now and what they are doing right now is pointing to the individual cuts and that resonates with voters and people who are monitoring the news, being able to say, oh, meatpackers can't inspect meat or longer lines at the airport. the resonates with people and effective messaging on their part and republicans don't have that same luxury right now. >> does it resonate only with the people that agree with the president? you talk about, for example, not likely that the republicans in the reddest part of the country receiving calls of constituents. is this again another situation where it resonates? if that's what you believe and going back to the core of this, this huge gap in this country and in people elected to represent us on what should be done particularly when it comes to tax revenue, sh

, voters have crisis fatigue at this point. debt ceiling versus fiscal cliff and now the sequester and as jonathan pointed out, the sequester cuts kind of a rolling cut. they don't really get this. i'll say the white house is probably in a better position messagingwise because what they can do right now and what they are doing right now is pointing to the individual cuts and that resonates with voters and people who are monitoring the news, being able to say, oh, meatpackers can't inspect meat...

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catch phraseslikefiscalcliffanddebtceilingbehindus, americans have something to worry about. is sequestration. the spending cuts would be imposed on march 1. democrats proposed a measure to delay cuts. >> we cannot cut investing in education and research and development. we need to get back to balance. >> we are talking to in a half percent of what we spend. this is the first year of 10 years in cuts, after you have to be realistic. families across the country have had their budgets cut by a larger than that. >> $85 billion in cuts could lead to furloughs. the pentagon fears this could have a drastic affect on military. many republicans say this is coming. >> we are here because the president refused to cut spending, and we have grown up with this. >> so there is still some uncertainty over the deadline, senator charles schumer appears confident the sequester will be avoided. >> there are those that do not need a favor of hardly anybody other than themselves and the few whose special interests are protected both sides are looking for a solution. it seems finding a solution h

catch phrases like fiscal cliff and debt ceiling behind us, americans have something to worry about. is sequestration. the spending cuts would be imposed on march 1. democrats proposed a measure to delay cuts. >> we cannot cut investing in education and research and development. we need to get back to balance. >> we are talking to in a half percent of what we spend. this is the first year of 10 years in cuts, after you have to be realistic. families across the country have had...

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is what has been hurting the republicans. that's why they've losten ohthedebtceilingonthefiscalcliff.the idea here that this is going to, you know, kind of sway the president with the republicans i don't think it's a matter of surveying him. i think it's a matter of him owning it and there's no unified response, it's only a win-win for him. cenk: interesting. patrick, it's a real interesting question as to what the progressives should want more. he made the point they are split at this point. a remove people call themselves progressives, but they're thought, they're just democrats. i want to show you some of the numbers on the chained c.p.i. and ask you where people should stand on this. social security cuts with the chained c.n.i. over oh 10 years is $112 billion in cuts. that's significant. over oh 12 years it costs you $1,272. that's going to hurt some folks. over 30 years you wind up losing $28,000 from your social security. now that's a long time, 30 years but obviously people are not happy about that on the progressive side. that's in the bowls simpson plan. the president cuts

is what has been hurting the republicans. that's why they've losten oh the debt ceiling on the fiscal cliff. the idea here that this is going to, you know, kind of sway the president with the republicans i don't think it's a matter of surveying him. i think it's a matter of him owning it and there's no unified response, it's only a win-win for him. cenk: interesting. patrick, it's a real interesting question as to what the progressives should want more. he made the point they are split at this...

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washington of wildly overhyping everything we do. this is not likethedebtceilingoreventhefiscalcliff.this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that's really very disadvantageous for so many workers. >> jared, let me interrupt this colloquy here and ask you, jared, we know that there are other looming fiscal fights, the march 27th deadline for the continuing resolution, b

washington of wildly overhyping everything we do. this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than...

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now. it's 20 more points higher than republicans. he beat them onthedebtceiling. ibeat them onthefiscalcliff.i can do it again. the polls show the public will be with me. whether it is well founded confidence, we'll find out but that is what is driving some of this. he feels like he can win this. >> paul: you think it may be overconfidence on the part of the president. this is different and how so? >> it absolutely is. republicans no they got beat on the debt ceiling fight and it's a deliberate strategy to make sure it doesn't happen again. they are ready and willing to let it go into effect because think of it. what are we talking at the moment? we're not talking about republicans lack of unity on taxes. we're talking about spending, size of government. talking about additional spending. this is exactly where the republicans want the debate. >> paul: could they split over defense spending where a lot of members don't want the damage that it could do to the pentagon? >> this is where the president is going to hammer the hardest. what is notable here, even the republicans who have some qualm

now. it's 20 more points higher than republicans. he beat them on the debt ceiling. i beat them on the fiscal cliff. i can do it again. the polls show the public will be with me. whether it is well founded confidence, we'll find out but that is what is driving some of this. he feels like he can win this. >> paul: you think it may be overconfidence on the part of the president. this is different and how so? >> it absolutely is. republicans no they got beat on the debt ceiling fight...

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likefiscalcliffanddebtceilingbehindousthe americans have sequestration to worry about. if congress takes no action, across the board spending cuts will be imposed on march 1st. democrats on thursday proposed toe delay the cuts. >> we can't cut research and develop and the american people understand that. >> we are talking about 2 1/2% of what we spend this year and this is just the first year of 10 years of cuts. so you have to be realistic about this. families all across the country have had their budgets cut by larger than that. >> reporter: the 85 billion dollars in cuts to federal agencies could lead to furloughs for as many as 2 million workers. the pentagon fears it could have a drastic effect on -- and republicans says it's coming. >> we are here because the president back in the last session of congress refused to cut spending in in anyplace and we wound up with it. >> reporter: there's uncertainty over the deadline senator schumer appears confident the sequester will be avoided. >> their arguments don't meet the favor of hardly anyone other than themselves and the

like fiscal cliff and debt ceiling behindous the americans have sequestration to worry about. if congress takes no action, across the board spending cuts will be imposed on march 1st. democrats on thursday proposed toe delay the cuts. >> we can't cut research and develop and the american people understand that. >> we are talking about 2 1/2% of what we spend this year and this is just the first year of 10 years of cuts. so you have to be realistic about this. families all across...

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ceilingdebate.we heard it in the run-up tothefiscalcliff.remember this threaduringthedebtceilingdebate back in the summer of 2011? i cannot guarantee that those checks go out on august 3rd if we have not resolve this issue because there may simply not be the money in the coffers to do it. this is not just a matter of social security checks, veterans' check folks on disability and their checks. about 70 million checks that go out. lou: more recently in the linda congressional session in the fiscal. >> debate, president obama issued his threat. >> what has been holding us back is the dysfunction here in washington. and if people start seeing that on january 1st this problem still has not been solved. if they save that people's taxes have gone up, which means consumer spending is going to be depressed, then obviously that will have an adverse reaction on the markets. lou: and, of course, that is exactly what has transpired as we now approach the onset of sequestered. took a long time, but president obama today finally reach out to the republican leaders to talk sequester, t

ceiling debate. we heard it in the run-up to the fiscal cliff. remember this threaduring the debt ceiling debate back in the summer of 2011? i cannot guarantee that those checks go out on august 3rd if we have not resolve this issue because there may simply not be the money in the coffers to do it. this is not just a matter of social security checks, veterans' check folks on disability and their checks. about 70 million checks that go out. lou: more recently in the linda congressional session...

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another. when you come up againstthedebtceilingandthefiscalcliffusually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that we have at the moment is the bigger problem for the economy and job creation in the private sector. >> chris: let me binge karl in to talk about the sequester and look at the president's state of the union speech and agenda he laid out and what does that tell us about what he wants to do in his second term? >> spend a lot of money and pursue a lot of liberal social policies and says he is out of touch with the reality of where the country is. the democrats said we don't have a spending problem. 83% of the american people say we have a pending problem. i agree with kim. $85 billion cut is a 2.4% cut roughly out of

another. when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the...

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ceilingannthefiscalcliff?nowthere's a new phrrse coming ut of wwshiigton: "sequustration." && nd in less than two weekks that ord ould impact your life. 3 emmly schmidt joins us live - mooe. 3 1) what are the chances congrrss willlreach a deal the 3 chances congress will reach a deal to avvod sequestration?? 332) how id we get to the idea of ssquestration in the first plaae? 3 coming up... try it before you buy it.where you can go for a -3 free demo offthe hottest new -3&pexercise trend... ii our craze is sweepinn the nation. nation.original arlee shake nats nats 3 we show you what happees when some universiiy offmaryland watching fox 45 morning news.. - all locall. ll morning. 3& (((pat))move ooer gangnam style..there's new ppenomenonncandace is here 3 shake and it's popularity ago, few peoole had ever heard & of the "harlem shake,"...herr's what it'' alll about 3 harlem shake nats nats 3 the harlem shake was released last ay. the track has gone virall with aboot 10 million views.this weekend.. it climbed all the way o the top oo itunes' all-genre top -& everybody is doiig their

ceiling ann the fiscal cliff?now there's a new phrrse coming ut of wwshiigton: "sequustration." && nd in less than two weekks that ord ould impact your life. 3 emmly schmidt joins us live - mooe. 3 1) what are the chances congrrss willlreach a deal the 3 chances congress will reach a deal to avvod sequestration?? 332) how id we get to the idea of ssquestration in the first plaae? 3 coming up... try it before you buy it.where you can go for a -3 free demo offthe hottest new...

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is congressman falwell. last year,thefiscalcliff,thedebtceilingandnow the latest crisis on the automatic spending cuts. what are we calling this? >> i am calling it murder/suicide of critical government services that is going to crash our economy and this is done by some in congress who so no role for the federal government and think that is the best way to have some cuts is to literally murder our economy and to get rid of critical services, make folks wait longer in line at tsa to produce and to make veterans wait longer than they're waiting for the care that we promised them and this, voters have deadline fatigue and fiscal cliff came in december and then in january, the debt ceiling and the man- made crisis called sequester. the voters want us to work together and solve the problems and not keep practicing incremental government. >> absolutely and this is annoying to the common voter. we have a march 1st deadline for this and you are on vacation now. >> congress is home for a weeklong recess. the majority of the party would rather be back in washington working, but we s

is congressman falwell. last year, the fiscal cliff, the debt ceiling and now the latest crisis on the automatic spending cuts. what are we calling this? >> i am calling it murder/suicide of critical government services that is going to crash our economy and this is done by some in congress who so no role for the federal government and think that is the best way to have some cuts is to literally murder our economy and to get rid of critical services, make folks wait longer in line at tsa...

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remember every time we have come up to whether it'sthedebtceilingorfirstfiscalcliff,at the 11th hour, we had a deal. right now there is a deal in the works. there will be a deal. it will get done. by the way, i predict there will be a deal on entitlements before september. >> did you get that on your iphone prior to the show? >> no, no. i don't ever take talking point from them. but i just tell you, i know politics well enough, i think, to see the two people posturing themselves -- >> the thing is he's hoping the whole country will be under some kind of bizarre hypnosis and think we have money that we don't. >> you speak so negatively -- >> no, no. i do not. >> it's going to be fine.: >> i love this country and i think -- >> we have the ability to try and police ourselves a bit and t stop the wreckless spending and have the courage and fortitude to do so, we wouldn't be in the position we're s in.ou >> it's friday, let's pick it up. look good. >> coming up on "the five," an unbelievable shot. see, this is positive. at a basketball game, and itme wasn't made a by a player, b

remember every time we have come up to whether it's the debt ceiling or first fiscal cliff, at the 11th hour, we had a deal. right now there is a deal in the works. there will be a deal. it will get done. by the way, i predict there will be a deal on entitlements before september. >> did you get that on your iphone prior to the show? >> no, no. i don't ever take talking point from them. but i just tell you, i know politics well enough, i think, to see the two people posturing...

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>>thedebtceilingrepresentsthe equivalent of amassivefiscalheartattack. >> after the fiscal cliff... >> do you solemnly swear... >> extremely ideological people who have never governed are now in the congress. >> and when we first got here, we were patted on the back and said, "great, the cavalry has arrived." >> another crisis to come. >> deal-making is not part of the program of conviction politics. >> enough is enough. you will not spend another dime, you will not put us in hock. >> this is now one week from d-day. there's no deal. >> the fiscal cliff is a fiscal suicide vest. the whole place is going to blow up. >> frontline investigates the ongoing battle. >> throw the country into default. >> political armageddon >>what's the word, "madness?" >>tonight on frontline "cliffhanger" frontline is made possible by contributions to your pbs station from viewers like you. and by the corporation for public broadcasting. major support for frontline is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant and peaceful world. mor

>> the debt ceiling represents the equivalent of a massive fiscal heart attack. >> after the fiscal cliff... >> do you solemnly swear... >> extremely ideological people who have never governed are now in the congress. >> and when we first got here, we were patted on the back and said, "great, the cavalry has arrived." >> another crisis to come. >> deal-making is not part of the program of conviction politics. >> enough is enough. you...

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. h.i.v. seen it overthedebtceiling. i'veseen it overthefiscalcliffthat is just unnecessary. there needs to be a lel of pragmatism back to our politics. i give a lot of credit to the president. he's not just saying let's raise taxes. he said the obvious, we in america cannot continue to spend more than we take in. it's something i don't have the luxury of as mayor doing. what i see the president doing is putting tremendous cuts on the table, trillions of dollars of cuts. you just heard the chief of staff say they're willing to put $4 trillion in cuts but it has to be in a balanced way. the challenge i see right now, if this happens, the sequester happens, the cuts will be blunt, brutal and mind as opposed to being intelligent and insightful. and it will not invest. it will stop us from investing in those critical areas in america we must invest on if we want long-term economic growth. >> schieffer: mr. mayor, let me ask you one thing, frank lautenber, the long-term senator from new jersey said he will not seek reelection. you said you were thinking about it. i think you put togethe

. h.i.v. seen it over the debt ceiling. i've seen it over the fiscal cliff that is just unnecessary. there needs to be a lel of pragmatism back to our politics. i give a lot of credit to the president. he's not just saying let's raise taxes. he said the obvious, we in america cannot continue to spend more than we take in. it's something i don't have the luxury of as mayor doing. what i see the president doing is putting tremendous cuts on the table, trillions of dollars of cuts. you just heard...

eye25

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thedebtceiling. thenwehadthefiscalcliff,now we have this sequestration, which is really forced budget cuts. doesn't matter what you call it. it's the third time that the sky is falling. when are people going to stop believing that the sky is falling or top the sky from falling and vote in new people? >> i think the american people have stopped believing the sky is falling already. i see a lot less anxiety and sense a lot less anxiety about this than we had during the fiscal cliff. look, don, this has become like a bad halloween movie. jason never dies. he comes back and comes back and comes back and every time the movie is worse. it really has shown tremendous lack of responsibility. you know, the president came up with this idea, he doesn't want to take ownership, the republicans, the congress passed it. they don't want to take ownership and now it is everybody's problem. but we cannot be having on the -- you know, being on the verge of a nervous break down -- >> every couple months. >> -- every three months. we do not have the level of anxiety to be able to do it every

the debt ceiling. then we had the fiscal cliff, now we have this sequestration, which is really forced budget cuts. doesn't matter what you call it. it's the third time that the sky is falling. when are people going to stop believing that the sky is falling or top the sky from falling and vote in new people? >> i think the american people have stopped believing the sky is falling already. i see a lot less anxiety and sense a lot less anxiety about this than we had during the fiscal...

eye37

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thedebtceilingdebatein 2011 and beat them onthefiscalcliff,i can do it again. the polls show that the public will be with me. whether that's well-founded, we'll find out, but i think that's what's driving some of this. he feels as if he can win this. >> you think it may be overconfidence on the part of the president, and this is different than the other two fights that jason mentioned, how so? >> it absolutely is. republicans know that they got beat on the debt ceiling and the fact that they're embracing the strategy. it's a deliberate strategy. they're ready and willing to let this go into effect and think of it. step back and what are we talking about at the moment. what we're the not talking about is republicans lack of unity on taxes, we're talking about spending, we're talking about the size of government. we're talking about the president's addiction to spending, we're talking about priorities, this is exactly where the republicans want this to be. >> but could they split over defense spending, kim, where a lot of their members don't want the damage that this could

the debt ceiling debate in 2011 and beat them on the fiscal cliff, i can do it again. the polls show that the public will be with me. whether that's well-founded, we'll find out, but i think that's what's driving some of this. he feels as if he can win this. >> you think it may be overconfidence on the part of the president, and this is different than the other two fights that jason mentioned, how so? >> it absolutely is. republicans know that they got beat on the debt ceiling and...

eye111

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cliff,thedebtceiling, standoff,a government shutdown, lincoln in the 30th congress were the first with the major appropriations bill and it is a clean bill that whigs saw tries to increase the payment for those offices they think a will hold. [laughter] nothing to controversial. but walker from wisconsin and attaches a rider prohibiting, excuse me allowing president polk to establish the new territory that we have gotten from the mexican-american war to organize a in a way he sees fit. president pulled thinks we should extend the line to the pacific ocean. so right now in arizona would be slave territory. with the intermountain west and california and if we will allow slavery. lincoln every single time votes against the bill and is willing to shut down the government. the house goes back and forth the house tries to change it up to leave it ambiguous but either way willis led government will shut down. when lincoln polls of special session was no sooner than july 4th but in march space be sworn in for a year-and-a-half nobody would get there before summer see you have diplomats le

cliff, the debt ceiling, standoff, a government shutdown, lincoln in the 30th congress were the first with the major appropriations bill and it is a clean bill that whigs saw tries to increase the payment for those offices they think a will hold. [laughter] nothing to controversial. but walker from wisconsin and attaches a rider prohibiting, excuse me allowing president polk to establish the new territory that we have gotten from the mexican-american war to organize a in a way he sees fit....

eye57

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, because as we've seenthroughfiscalcliff,debtceilingandnow sequester, they don't have to get anything done, even when they put the guillotine over their own necks to get something done, they still won't get anything done. is that why glenn beck doesn't like chris christie anymore? >> jonathan, krystal and nia-malicka, thank you. coming up the vice president loads both barrels. >>> first off, the chinese have hacked my blackberry. i can't open up any of my e-mails. they're sitting here being held hostage. i click on them and they don't open. oh, yeah, i could have put the back on first. [ male announcer ] when ziggy the cat appeared at their door, he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. ♪ they hatin' ♪ patrolling they tryin' to catch me ri

, because as we've seen through fiscal cliff, debt ceiling and now sequester, they don't have to get anything done, even when they put the guillotine over their own necks to get something done, they still won't get anything done. is that why glenn beck doesn't like chris christie anymore? >> jonathan, krystal and nia-malicka, thank you. coming up the vice president loads both barrels. >>> first off, the chinese have hacked my blackberry. i can't open up any of my e-mails. they're...

eye34

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. government shutdown in april 2011,thedebtceilingshowdownthatsummer,thefiscalcliffon new year's eve, and this -- i think -- and there will be another fight over government spending by the end of march. we have been seeing this for two years and maybe george will is right. most people saying, gosh, they are sorting it out and we'll ride it out. >> people need to understand that it is going to hit them in a really palpable way, i am looking at other departments. a nationwide shutdown of meat and poultry plants. furloughs, inspection personnel. will be pay higher prices? less beef and chicken? will it be safe? part of that is what the sequester is. you look at the latest pew poll, the public wide until favor of the president's approach on the sequester. on the other side, republicans, some tea partiers feel beholden to local constituents to not raise taxes another dime. does neither party have the incentive to resolve this quite quickly? >> that's a tough one, alex. the president and white house are counting on fact that they do have public support behind them. they say they

. government shutdown in april 2011, the debt ceiling showdown that summer, the fiscal cliff on new year's eve, and this -- i think -- and there will be another fight over government spending by the end of march. we have been seeing this for two years and maybe george will is right. most people saying, gosh, they are sorting it out and we'll ride it out. >> people need to understand that it is going to hit them in a really palpable way, i am looking at other departments. a nationwide...

eye59

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blame congress forthefiscalcliffimpasse,thedebtceilingbattlesin the various continuing resolutions that have kept the government running despite no budget. this time not even a compliant and complicit media can bail him out. the sequester unquestionably his idea and he publicly broken his own promise. there would be no sequester, at least to this point. the president told america during a presidential debate governor mitt romney on october 22 last year the sequester "will not happen." we will see. a new report says military is behind an overwhelming number of cyber attacks against american targets. that report traces of those attacks to a single building in shanghai, headquarters of a unit of the liberation army. hackers have stolen massive amounts of valuable information of all kinds from at least 115 american corporations over the course of the past seven years. companies involved in everything from finance energy to infrastructure. chinese government officials have dismissed that report is groundless, pretty much the response to all similar charges brought the years.

blame congress for the fiscal cliff impasse, the debt ceiling battles in the various continuing resolutions that have kept the government running despite no budget. this time not even a compliant and complicit media can bail him out. the sequester unquestionably his idea and he publicly broken his own promise. there would be no sequester, at least to this point. the president told america during a presidential debate governor mitt romney on october 22 last year the sequester "will not...

eye26

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and to make thing more interesting we run back intotheceilingdebtmuchlater and that rolls up intothefiscalcliff2.0 in how the government tempts to deal with it. so you may ask yourself we have a portion of the tax increases went through and who knows exactly what congress is going to but it's probably a pretty good guess that we get to the very last minute right before the march 1st effective gate date for the spending cuts and then we get some other short-term extension to add to this made for tv drama that they seem so fond of lately and you wonder where does it get us long term and how are we able to close the gap here the congressional budget office has looked at what they consider to be the most likely outcome of the ongoing negotiations which, is a marshal implementation of these spending cuts and what you see here are two lines. the top line is out lace as a percentage of gdp or government spending as a percentage of gdp and starting today and going out through the end of 2022 and this is a forecast for the next nine years and going below that is rather a new as a% of gdp and what you t

and to make thing more interesting we run back into the ceiling debt much later and that rolls up into the fiscal cliff 2.0 in how the government tempts to deal with it. so you may ask yourself we have a portion of the tax increases went through and who knows exactly what congress is going to but it's probably a pretty good guess that we get to the very last minute right before the march 1st effective gate date for the spending cuts and then we get some other short-term extension to add to...

eye100

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this was all aboutthedebtceiling. howdo we avoid going overthefiscalcliffwiththedebtceilinglast summer. and they were log jammed. and they said we need something to really make this happen. and at a meeting at the white house somebody said years ago they had a thing called the sequester, where these horrible horrible, horrible cuts were put in there that would happen if congress didn't act. and everybody said okay. let's do that again. then it came up to the congress and the republicans in congress 174 of them voted for this. john boehner paul ryan eric cantor all voted for it. and when it was over john boehner said i love this. i got 98% of what i want. these cuts which are so bad that everybody thought never, never, never would congress go along with it. you know why the republicans want to go along with it? because they don't give a damn. they don't care if the government is whacked across the board. first responders and air traffic controllers and pell grants and all of that other stuff cut. they don't care. so my question to you is, do you think this see queste

this was all about the debt ceiling. how do we avoid going over the fiscal cliff with the debt ceiling last summer. and they were log jammed. and they said we need something to really make this happen. and at a meeting at the white house somebody said years ago they had a thing called the sequester, where these horrible horrible, horrible cuts were put in there that would happen if congress didn't act. and everybody said okay. let's do that again. then it came up to the congress and the...

eye93

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likefiscalcliffanddebtceilingandsequestration. >> what about when i rhyme them together and say sequestration, damnation, louse nation. >hallucination. >> to most of america, it's benign to them. when i look at what really happens as a market watcher in the past, here comes the fiscal cliff. guess what. everything's fine, market goes up. >> what happens if we get to march 1st and we go over the cliff or whatever you want to call it? are the markets thinking we avoid it, or are the market saying 85 billion in the scheme of things, better than nothing, get on with it? >> i think the historical pattern has shown us that every time we get up to these supposed drop dead dates, nothing happens. they come up with some kind of solution. >> were they thinking that, or are they thinking we hope they do go through with these cuts, minor as they are? >> i think the markets believe that these cuts will happen. i think the markets believe that this is a sliver of a thaw in the gridlock in washington. the republicans called obama's bluff on this one. fine, you want defense cuts, fine. we w

like fiscal cliff and debt ceiling and sequestration. >> what about when i rhyme them together and say sequestration, damnation, louse nation. >hallucination. >> to most of america, it's benign to them. when i look at what really happens as a market watcher in the past, here comes the fiscal cliff. guess what. everything's fine, market goes up. >> what happens if we get to march 1st and we go over the cliff or whatever you want to call it? are the markets thinking we avoid...